Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$257,885$257,885$269,901
Remaining term (yrs)28.928.930.0
Secondary amount$0$27,011$0
Funding fee$1,289$1,289$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.010%7.560%
1st payment$1,648.43$1,648.43$1,854.03
2nd payment$0.00$267.29$0.00
Taxes / mo$176.58$176.58$176.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,975.02$2,242.31$2,234.60
Cash to close$42,005$14,995$29,989